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11 September, 08:59

The value of a car is $21,000. It loses 11.8% of its value every year. Find the approximate monthly decrease in value. Round your answer to the nearest tenth.

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  1. 11 September, 09:08
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    Every month the car decreases by $206.5

    Explanation:

    Every year 11.8 percent =.118

    Divide by 12

    Every month. 983 percent =.00983

    21,000 x. 00983 = 206.5
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